Agiloft has been a prominent player in the legal technology market since its inception in 1991. The company is well-known for its Contract Lifecycle Management (CLM) solutions, which cater to a diverse range of organizations, including law firms, corporate legal departments, and compliance teams of all sizes. Agiloft's CLM software streamlines the entire contract management process, from contract creation, negotiation, and approval to execution, compliance monitoring, and renewal. By focusing on automating and simplifying complex contract workflows, Agiloft helps legal professionals save time, reduce errors, and ensure consistency throughout the contract lifecycle.

A key differentiator for Agiloft is its no-code platform, which allows users to customize the software to meet their unique needs without requiring any programming expertise. This level of flexibility sets it apart from competitor products that may be more rigid or require extensive customization efforts. Additionally, Agiloft's CLM solution boasts advanced AI capabilities, which aid in contract analysis, risk assessment, and automatic extraction of key contract data. The platform also includes powerful reporting and analytics features, enabling users to gain insights into contract performance, compliance, and potential areas for optimization. 

In January 2024, Agiloft launched a redlining feature that leverages generative AI to accelerate contract negotiation directly inside Microsoft Word. The feature complements the legal expertise of contract professionals by assisting them with aligning clauses with their organization’s acceptable terms. Users may accept, reject, or modify suggested redlines, keeping users in control over the contracting process.

Funding Information:
Agiloft has raised a total of $45M in funding over 1 round. This was a Private Equity round raised in August 2020 from FTV Capital.